CJO Centre 2462-2472 Riopelle St 17,000 SF 93% Leased Retail Building Detroit, MI 48207 $6,278,400 CAD ($369.32 CAD/SF) 6% Cap Rate

The CJO Centre offers a unique opportunity in the heart of Detroit’s historic Eastern Market. Located at 2462–2472 Riopelle Street, this 17,000-square-foot, two-story commercial/industrial property has been meticulously renovated and transformed into a fully leased retail and office hub. The asset features high ceilings, exposed brick interiors, modern fire and water suppression systems, three secure roll-up doors with street-facing access, and a security gate for the upper-level suite. Additional highlights include a new passenger elevator servicing all floors, a resealed roof, three garage bays for shipping and deliveries, and three expansive basement areas ideal for storage or light production.

2462–2472 Riopelle Street is leased to four in-place NNN leases from long-term, high-visibility tenants such as Detroit City Distillery, Henry the Hatter, Detroit’s oldest retailer, and Midnight Temple Indian Gastropub. This stable tenancy provides a strong foundation for consistent cash flow, with value-add potential through the available 1,250-square-foot executive suite. This suite features rooftop access, a hospitality-style executive office, a full kitchen and bath, and an in-unit washer and dryer. The rooftop also offers a 3,000-square-foot open-air terrace, presenting a unique development opportunity for an event or entertainment space.

Strategically positioned within a federally designated Qualified Opportunity Zone, the CJO Centre offers unmatched accessibility via Interstates 75 and 375. Downtown Detroit, Midtown, and major commuter routes are just minutes away. The property enjoys steady foot traffic from both residents and weekend visitors drawn to Eastern Market’s year-round public attractions, including the popular Saturday open-air farmers market. The surrounding area is a destination filled with boutique retailers, cafés, and cultural landmarks. 2462–2472 Riopelle Street is conveniently situated within one block of public parking, transit stops, and Shed 2, one of Eastern Market’s central gathering points. Within a 5-mile radius, over 227,000 residents generate more than $2 billion in annual consumer spending, underscoring the area’s strong market fundamentals and growing retail demand.

Eastern Market remains one of Detroit’s most vibrant and sought-after neighborhoods. The district has flourished into a dynamic hub for food entrepreneurs, artists, small manufacturers, and retailers. The neighborhood's charm lies in its authenticity, character, and walkable urban environment, which attracts a wide range of tenants and visitors. 2462–2472 Riopelle Street presents an unparalleled opportunity for investors or owner/users to secure a presence in one of Detroit’s most iconic and growth-ready commercial corridors.